Report Description

Press Release

Growing energy concerns, growth in adoption of smart devices and rising demand for real time security to drive global smart homes market through 2021. According to recently released TechSci Research

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A smart home refers to a residence equipped with
computing and information technology devices, which anticipates and responds to
the needs of the owner in an efficient and effective manner. In a smart home,
the owner can easily monitor and control a wide range of applications such as
lighting control, access control, fire detection, leak detection, energy
efficiency, etc. from anywhere via his/her smartphones or internet. Smart homes
also use key cards or fingerprint identification in place of conventional locks,
making it harder for someone to break-in. Increasing awareness of energy saving
among customers, surging demand for real time home security coupled with growing
technological advancements are anticipated to boost the global smart homes
market during 2016 – 2021. In addition, backed by expanding Internet of Things (IOT)
market, booming M2M communication market and thriving touchfree intuitive
gesture control market, the global smart homes market is expected to register a
healthy growth rate over the next five years.

According to “Global
Smart Homes Market By Application, By
Technology, By Region, Competition Forecast and Opportunities, 2011 – 2021”, the global smart homes market is projected to cross $ 60
billion by 2021. On the basis of application, the market has been segmented
into five categories, namely, Energy Management Systems, Security & Access
Control Systems, HVAC Control Systems, Entertainment Control Systems and Others.
Among these categories, Energy Management Systems dominated the global smart
homes market in 2015. With increasing government efforts to optimize energy
consumption, the adoption of energy management systems is expected to further
increase in the coming years. In 2015, North America dominated the global smart
homes market, followed by Europe, Asia-Pacific,
Middle East & Africa and South America. “Global Smart Homes Market By Application, By
Technology, By Region, Competition Forecast and Opportunities, 2011 – 2021”discusses
the following aspects of global smart homes market:

To identify the on-going trends and
anticipated growth in the next five years

To help industry consultants and other stakeholders
align their market-centric
strategies

To obtain research based business
decisions and add weight to presentations and marketing material

To gain competitive knowledge of leading
market players

To avail 10% customization in the report
without any extra charges and get research data or trends added in the report
as per the buyer’s specific needs

Report Methodology

The
information contained in this report is based upon both primary and secondary
research. Primary research included interaction withsmart home solution providers and industry experts. Secondary research
included an exhaustive search of relevant publications like company annual
reports, financial reports and proprietary databases.